REITs: Interest rate relief spurs rosy outlook
The outlook for the ASX-listed property stocks has turned decidedly bullish as the sector heads into its annual earnings season.
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The outlook for the ASX-listed property stocks has turned decidedly bullish as the sector heads into its annual earnings season.
The latest Investing news, events, analysis and opinion from The Australian Financial Review
While there’s plenty of turmoil in the listed property sector, the real pain may yet to come for commercial property values in the direct market, which typically lag.
Rates are likely to remain high and that means more pain is to come for commercial property, especially the battered office sector, according to Morgan Stanley investment banker Tim Church.
While office values could fall further, the outlook for malls is brighter and A-REIT earnings in FY24 could be higher than forecast, say fund managers.